Tax - Definition

by sabitha 2010-02-22 16:54:16

Tax - Definition
A tax is an involuntary fee paid by individuals or businesses to a government.
Taxes may be paid in cash or kind (although payments in kind may not always be allowed or classified as taxes in all systems). The means of taxation, and the uses to which the funds raised through taxation should be put, are a matter of hot dispute in politics and economics, so discussions of taxation are frequently tendentious.

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